$JNJ - SAFE HAVEN -
Added 2024-12-26 19:17:02 +0000 UTCA lot of the historically traditional safe havens are all moving into their sweet spots right now, after a 2 year decline and $JNJ is no different.
A lot of these positions have not been following the the US Market to new ATH's this year but appear to be close to their perfect Wave 2 pull back level at the 0.618 Fib.
This is very interesting but also very convenient for us.
$JNJ is now in the sweet spot and the BUY ZONE, which has been labeled this for some time now.
Support is not confirmed for me yet but a test and hold on the 0.618 Fib at $139 would be the perfect scenario
3.4% Dividend here too....making this even more attractive.
